The Most Important Insurance You Are Probably Not Buying

What is the most important insurance you are probably not buying? It is not the one that pays off your mortgage or car loan or protects your home or car from theft or vandalism. It is personal accident insurance.

It may seem like an odd thing to buy if you have never had it before. After all, most people don't think of themselves as being in a position where they would ever need it. But, there are plenty of times when we are exposed to hazards that could cause serious injury.

Personal accident coverage compensates the insured if, during the valid period of insurance, the insured suffers a physical injury due to an accident that causes death or total permanent disability. In this article, we will look at personal accident insurance and why it's so important for your financial future!

What is personal accident insurance?

Personal accident insurance is a type of insurance that pays out when you are injured in an accident. It covers medical expenses, lost wages, and other costs associated with any injuries suffered by the policyholder.

What are the features of Personal Accident Insurance?

Personal accident insurance covers the insured when they get involved in an accident that results in death or total permanent disability. Here are some of the features below:

Permanent Disability: This means the insured receives a benefit if an accident stops them from being able to work again. It is also in effect if it causes a total loss of any body parts as described in the schedule of benefits. Most insurance companies pay the benefit on a percentage limit as described in the schedule of benefits.

• Medical Expenses: The insured gets medical, surgical, and hospital treatment, skilled nursing and services, and a supply of medicines and surgical dressing.
• Accidental Death: In the unfortunate event of death resulting from an accident, the entire Sum Insured will be paid to the insured person's stated beneficiary(ies).

Who should get Personal Accident Insurance?

It is a good idea for anyone with a family and an income. Buying this insurance is essential if you are self-employed because it covers business interruption and lost income. 

However, if you have employees or work in an office setting where someone else is responsible for covering your losses when things go wrong, this type of coverage won't be enough. In that case, it is best to have not only business interruption coverage but also medical payments coverage as well.

Look into personal accident insurance today!

Personal accident insurance is an important part of the financial security plan for anyone with a family and an income. If you are injured, it can help you pay your bills while you recover, as well as help replace lost income while on leave from work.

The Policy takes care of individuals' welfare and reduces the financial strain an individual could undergo in the event of an accident, death, or bodily injury.

Bottom Line

Personal accident insurance is an investment in your health and well-being. It is important to take care of yourself, but it cannot be easy if you are on a fixed income or have other responsibilities that keep you from doing what you need to do each day. 

You can continue caring for yourself at home or while staying out of the house (if necessary). Plus, because this type of insurance covers medical bills up front, there won't be any surprise costs when they come due later on down the road!

Ready to get one? You can get AXA Mansard's No Yawa personal accident insurance coverage. It provides compensation and financial support if an accident happens and lets you and your family concentrate on recovery. You can contact us or visit one of our branches nationwide to get more information.